Monday, March 2nd5.3°C
25405
22952

TSX climbs away from fiscal cliff fear

The Toronto stock market was higher, extending the gains of the previous session amid growing optimism that Democrats and Republicans will get a deal on averting a U.S. fiscal crisis by the end of December.

The S&P/TSX composite index gained 81.21 points to 12,221.54 while the Canadian dollar was off 0.09 of a cent to 100.73 cents US.

U.S. indexes were also higher amid data showing the economy grew at an annualized rate of 2.7 per cent during the third quarter, which was much better than the two per cent rate estimated a month ago.

The Dow Jones industrials ran ahead 38.36 points to 13,023.47.

The Nasdaq was up 15.71 points to 3,007.49, while the S&P 500 index climbed 5.64 points to 1,415.57.

Royal Bank (TSX:RY) was up 36 cents to $58.71 as the bank posted quarterly net earnings of $1.9 billion or $1.25 a share. Adjusted net earnings came in at $1.27 a share, beating estimates by a penny.

The Canadian Press


Read more Business News

25320


Recent Trending




Today's Market
S&P TSX15248.99+14.65
S&P CDNX703.34-3.39
DJIA18257.54+124.84
Nasdaq5001.301+37.773
S&P 5002114.96+10.46
CDN Dollar0.7977-0.0019
Gold1204.90-7.70
Oil51.60-0.54
Lumber297.70+0.50
Natural Gas2.703-0.031

 
Okanagan Companies
Pacific Safety0.135+0.015
Knighthawk0.010.00
QHR Technologies Inc1.60+0.05
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.045+0.01
Russel Metals25.47+0.09
Copper Mountain Mining1.28-0.02
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225-0.01

 



24500

FEATURED Property
1872290471 Swan Drive, Kelowna, BC
4 bedrooms 4 baths
$639,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24681